At D.E. Shaw, Larry Summers Worked Just One Day A Week

Now
this is the job we want. According to the
NYT, Larry Summers worked just one day a week while making
$5.2 million in two years at hedge fund D.E. Shaw.

So let's say he worked 100 days total, that's $52,000 per day.

And assuming he worked about 12 hour days, that's $4,333 per
hour.

But lest you think his position at the hedge fund was purely
ornamental, it does sound like he did some work there. He
apparently served as a "sounding board" for traders, while also
doing personal consulting for overseas investors.

If he was responsible for either $500 million in fresh outside
investment or $50 million in additional marginal trading profits,
notes David Goldman,
is was probably fair compensation.